Brighton Jones LLC Has $328,000 Stock Position in Citigroup Inc. (NYSE:C)

Brighton Jones LLC cut its holdings in shares of Citigroup Inc. (NYSE:C) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 6,376 shares of the company’s stock after selling 401 shares during the period. Brighton Jones LLC’s holdings in Citigroup were worth $328,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Capital Wealth Advisors grew its holdings in shares of Citigroup by 8.1% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 7,551 shares of the company’s stock valued at $388,000 after purchasing an additional 566 shares during the last quarter. Norden Group LLC grew its stake in shares of Citigroup by 8.3% during the fourth quarter. Norden Group LLC now owns 12,748 shares of the company’s stock worth $656,000 after buying an additional 974 shares during the last quarter. Penobscot Investment Management Company Inc. grew its stake in shares of Citigroup by 16.5% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 23,970 shares of the company’s stock worth $1,233,000 after buying an additional 3,400 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Citigroup by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 278,329 shares of the company’s stock worth $14,318,000 after buying an additional 15,905 shares in the last quarter. Finally, Altrius Capital Management Inc lifted its stake in shares of Citigroup by 1.0% in the 4th quarter. Altrius Capital Management Inc now owns 77,908 shares of the company’s stock valued at $4,008,000 after acquiring an additional 808 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on C shares. Jefferies Financial Group boosted their price objective on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Wells Fargo & Company restated an “overweight” rating and set a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. HSBC boosted their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Oppenheimer dropped their price target on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.85.

Citigroup Stock Performance

C stock opened at $61.50 on Friday. The firm has a market cap of $117.79 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $59.59 and a 200-day moving average price of $52.48. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $63.90.

Citigroup (NYSE:C) last released its earnings results on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts expect that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.45%. Citigroup’s payout ratio is presently 62.72%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.